As I have discussed, February 2011 was a fantastic month for real estate contracts in the Harrisonburg/Rockingham area.  The big question was whether or not the momentum could continue through the spring market.  With the month 1/3 of the way complete, I decided to see how the numbers look so far this month.  SO FAR....SO GOOD!!

There have been 26 contracts so far this month in Harrisonburg/Rockingham County.  That puts us on a pace for 78 contracts in March.  That compares to 69 contracts last month which was a very good month!

I will keep an eye on activity the next few weeks and hopefully we have good news at the end of the month. 

As always, you can view all Shenandoah Valley properties online at careykeyes.com

Interest rates are staying low.  The interest rates below are courtesy of VBS Mortgage 

30 year fixed conventional = as low as 4.75 percent

15 year fixed conventional = as low as 4.125 percent

FHA loans = as low as 4.5 percent

USDA/Rural Development = as low as 4.875 percent

Great rates for buyers that are in the market.  Prices are attractive right now.  Search for your next home in the Shenandoah Valley here!

After several weeks of interest rates rising it seems as though they have dropped in the past week.  According to bankrate.com the average 30 year mortgage is 4.95 % compared to 5.02 % last week.  Take advantage of these great rates and purchase a home today.  View all Shenandoah Valley listings here! 

Interest rates have dropped again.  According to JoDee Lambert at Planters Bank, you can get a 30 yr fixed loan as low as 5.375 percent.  These rates are fantastic and obviously make it a great time to buy.  Rates this low will push buyers to make a decision on a house to ensure they can lock in these low rates.  It is a great time to buy or sell!

Interest Rates continue to be very attractive for currents buyers.  30 year rates are still well under 6 percent.  Sellers are very motivated to sell over the winter months so it makes it a great time to buy. 

Interest Rates have climbed some this week.  You can still get a 30 yr fixed interest rate below 6 percent. 

Expect to see rates drop again between now and the end of the year.

Buyers are definitely active in the market with the rates being low.  I have noticed an increase in sales over the past few weeks. 

I will keep you updated on what rates do next week.

Carey

Real Estate buyers are smiling!  Interest rates have dropped again according to JoDee Lambert at Planters Bank.  30 year fixed rates are now as low as 5.375 percent.  15 year fixed rates are as low as 5.25 percent.  Will the rates continue to drop through the Holidays?  Regardless, it is an excellent time to buy.  It will be interesting to see if we see a spike in sales in the next month because of these low interest rates.  As always I will keep you updated! Happy Holidays!

Interest Rates continue to be very attractive for buyers.  According to JoDee Lambert with Planters Bank, 30 yr fixed rates are as low as 5.625 percent.  These rates combined with a large supply of inventory make it a great time to buy.